NEWS

Women in Pharmacy Program Educates and Guides Entrepreneurial Pharmacists

LAS VEGAS

In support of its Women in Pharmacy program to help women pharmacists become successful independent pharmacy owners, Cardinal Health hosted its fourth annual Pharmacy Ownership Boot Camp during the company’s Retail Business Conference (RBC) in Las Vegas last month.

“The Boot Camp is designed to give pharmacists and student pharmacists the business acumen and confidence needed to own their own pharmacies,” said Eden Sulzer, director of Women in Pharmacy program at Cardinal Health. “The program serves as a crash course in ownership and a forum for sharing ideas and inspiration. Our goal is for attendees to leave feeling empowered to reach their dreams of becoming successful independent pharmacy owners, serving their communities.”

“According to the 2014 National Pharmacist Workforce Study, women now make up 57 percent of all U.S. pharmacists, but there has been no increase in female pharmacy ownership in over a decade,” Sulzer said. “We believe that key barriers include access to capital and a real or perceived lack of business or financial acumen. Our Pharmacy Ownership Boot Camp specifically addresses these concerns, and offers guidance on how to successfully run an independent pharmacy.”

The Pharmacy Ownership Boot Camp is just one part of Cardinal Health’s initiative to help women pharmacists seize the opportunity of pharmacy ownership. In support of this effort, Cardinal Health has donated more than $5 million in pharmacy school scholarships to male and female students striving to eventually own their own pharmacy, as well as providing mentoring, networking, and opportunities to learn financial and business development strategies.

This year’s attendees heard from experts in pharmacy finance, marketing and entrepreneurship. The intense, daylong lesson in what it takes to own and operate a successful community pharmacy featured:

Paths to Pharmacy Ownership Workshop, which highlights the basics of start-ups, acquisitions and franchises

Financial Fitness tips addressing how to build personal equity

Driving Growth through Services — identifying potentially untapped revenue opportunities

A Panel discussion with new and established pharmacy owners

Guided tour of tradeshow floor, and the opportunity to network with nearly 400 manufacturer, automation, software and pharmacy business vendors

Other Women in Pharmacy program events at RBC included a booth on the tradeshow floor and a continuing education opportunity addressing the unique security issues of female pharmacy owners.

For more information of Cardinal Health’s Women in Pharmacy Program simply click on the link below http://www.cardinalhealth.com/en/services/retail-pharmacy/business-solutions/business-advantage/women-in-pharmacy.html

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